Finecobank closed the month of April with a net inflows of 949 million euros, just under the 959 million recorded a year ago, without resorting to short-term commercial policies.
Going into details, the lion's share is the managed component, which reached 904 million euros, up 36% compared to 664 million in April 2020. Making a quick calculation, the managed component accounts for 95% of total deposits.
Going forward with the data, the administered component stood at 667 million, while that direct recorded a decrease of -622 million euro. FinecoBank estimates that brokerage revenues will drop to around 17 million euros (-22% per annum) mainly due to the reduced volatility and the decrease in market volumes, the company led by Alessandro Foti said. In comparison with periods of comparable volatility, Fineco explains, revenues are instead higher by about 50%, thanks to the expansion of the active customer base and the continuous innovation of the offer. Year to date brokerage revenues they are estimated at around 82 million euro (-4% trend).
Moving forward with the data, Fineco Asset Management in April it recorded retail inflows of 513 million, the new monthly record high. In the same month, 10.084 new customers were acquired (+39% compared to the previous year), total customers are close to 1,4 million. The total assets it stood at 98,6 billion, with a growth of 25% compared to April 2020. In Piazza Affari, the Fineco share dropped 0,2% to 14,285 euros.
